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Citi upgrades Phoenix Group to 'buy' from 'neutral'

By Michele Maatouk

Date: Wednesday 21 May 2025

(Sharecast News) - Citi upgraded Phoenix Group on Wednesday to 'buy' from 'neutral' and lifted the price targe to 730p from 537p as it pointed to balance sheet flexibility and a growing franchise.
"Phoenix is changing," Citi said in a research note.

"Having been known as a back book consolidator...

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